Royal Harbor Partners LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Royal Harbor Partners LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,372 shares of the e-commerce giant’s stock after acquiring an additional 179 shares during the quarter. Amazon.com accounts for 1.3% of Royal Harbor Partners LLC’s portfolio, making the stock its 23rd biggest holding. Royal Harbor Partners LLC’s holdings in Amazon.com were worth $3,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Conning Inc. boosted its stake in shares of Amazon.com by 1.4% in the 3rd quarter. Conning Inc. now owns 59,981 shares of the e-commerce giant’s stock worth $11,176,000 after buying an additional 845 shares during the last quarter. Optas LLC increased its holdings in Amazon.com by 6.5% in the 3rd quarter. Optas LLC now owns 37,365 shares of the e-commerce giant’s stock worth $6,962,000 after acquiring an additional 2,266 shares in the last quarter. Clear Creek Financial Management LLC increased its stake in shares of Amazon.com by 3.2% in the third quarter. Clear Creek Financial Management LLC now owns 44,399 shares of the e-commerce giant’s stock worth $8,273,000 after purchasing an additional 1,384 shares in the last quarter. Princeton Global Asset Management LLC boosted its holdings in Amazon.com by 12.5% in the 3rd quarter. Princeton Global Asset Management LLC now owns 21,640 shares of the e-commerce giant’s stock worth $4,032,000 after buying an additional 2,397 shares during the period. Finally, Argonautica Private Wealth Management Inc. increased its stake in Amazon.com by 0.7% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 42,932 shares of the e-commerce giant’s stock worth $8,000,000 after buying an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $226.09 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business’s fifty day moving average price is $198.19 and its two-hundred day moving average price is $188.47. The stock has a market cap of $2.38 trillion, a PE ratio of 48.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. Amazon.com, Inc. has a one year low of $143.64 and a one year high of $230.08.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America boosted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Oppenheimer increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada boosted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $236.98.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,030,183 shares of company stock valued at $1,252,883,795. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.